Home Sports Everest Experiences 2nd Quarter 2026 Outcomes

Everest Experiences 2nd Quarter 2026 Outcomes

1
Everest Experiences 2nd Quarter 2026 Outcomes

HAMILTON, Bermuda–(BUSINESS WIRE)–Jul 29, 2026–

Everest Community, Ltd. (NYSE: EG), a world underwriting chief providing easiest-in-class property, casualty, and specialty reinsurance and insurance strategies, this present day reported its 2d quarter 2026 outcomes.

“Everest delivered a real quarter pushed by meaningful contributions from both underwriting revenue across our Core companies and investments ensuing in an annualized total shareholder return of 16.8%. The outcomes this quarter point out the energy of the franchise we now have constructed and the advantages of our actions to beef up underwriting efficiency in addition as optimize the balance sheet.” talked about Jim Williamson, Everest President and CEO. “Our Reinsurance Treaty crew delivered yet any other very supreme quarter. This turned into as soon as particular throughout the mid-twelve months renewals, where the crew’s world class execution resulted in meaningful outperformance on payment and terms versus the market. Our World Wholesale & Uniqueness change continues to glance the advantages from our technique to make bigger the portfolio in specialty traces and centered world markets whereas turning in margin growth. As we glance forward, our focal point is on profitably surroundings up our Core companies whereas effectively deploying capital, where fragment repurchases live a top priority.”

2nd Quarter 2026 Highlights

  • Compile revenue of $559 million, equal to $14.22 per diluted fragment versus 2d quarter 2025 salvage revenue of $680 million, equal to $16.10 per diluted fragment
  • Compile working revenue of $585 million, equal to $14.85 per diluted fragment versus 2d quarter 2025 salvage working revenue of $734 million, equal to $17.36 per diluted fragment
  • Entire Shareholder Return of 16.8% annualized 1; Annualized 14.2% Compile Profits ROE and 14.9% Compile Working Profits ROE
  • Book value per fragment of $398.83 at June 30, 2026 versus $379.83 at December 31, 2025
  • Book value per fragment with the exception of unrealized gains (losses) on fixed maturity, on the market securities of $407.67 at June 30, 2026 versus $379.70 at December 31, 2025
  • Core companies encompass our Reinsurance Treaty and World Wholesale & Uniqueness segments
  • $3.7 billion in cross written top payment from Core companies, a twelve months-over-twelve months decrease of seven.1%, which entails a 9.1% decrease for Reinsurance Treaty and a 1.0% decrease for World Wholesale & Uniqueness on a comparable basis
  • Combined ratio of 90.0% for Core companies, which entails 88.5% for Reinsurance Treaty and 95.2% for World Wholesale & Uniqueness
  • Attritional blended ratios of 87.3% for Core companies, which entails 85.4% for Reinsurance Treaty and 93.8% for World Wholesale & Uniqueness
  • Pre-tax underwriting revenue (loss) of $281 million for Community, $283 million for Reinsurance Treaty, $34 million for World Wholesale & Uniqueness, and ($36) million for Legacy
  • Compile funding revenue of $523 million versus $532 million in the prior twelve months quarter, pushed by decrease different funding returns.

* Core companies encompass our Reinsurance Treaty and World Wholesale & Uniqueness segments

(1) Denotes annualized resolve; represents Entire Shareholder Return or “TSR”. Annualized TSR is calculated as twelve months to this point reveal in e-book value per basic fragment prominent with the exception of URA(D) on fixed maturity, on the market securities plus twelve months-to-date dividends per fragment.

Consolidated Monetary Summary

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

2026

2025

Compile revenue (loss)

$

559

$

680

$

1,213

$

890

Compile revenue (loss) per diluted basic fragment

$

14.22

$

16.10

$

30.45

$

20.93

Compile revenue (loss) return on practical equity (annualized)

14.2%

18.2%

15.5%

11.9%

Compile working revenue (loss) (2)

$

585

$

734

$

1,232

$

1,010

Compile working revenue (loss) per diluted basic fragment (2)

$

14.85

$

17.36

$

30.95

$

23.75

After-tax salvage working revenue (loss) return on practical equity (annualized) (2)

14.9%

19.6%

15.8%

13.5%

Book value per basic fragment prominent

$

398.83

$

358.08

$

398.83

$

358.08

Book value per basic fragment prominent with the exception of URA(D) (2)

$

407.67

$

364.10

$

407.67

$

364.10

Entire Shareholder Return (“TSR”) – Annualized

16.8%

14.8%

Weighted practical basic shares prominent – diluted

38.8

41.8

39.3

42.0

Traditional shares prominent

38.7

41.9

38.7

41.9

Entire shareholders’ equity

$

15,430

$

15,019

$

15,430

$

15,019

Entire shareholders’ equity with the exception of URA(D)

$

15,772

$

15,272

$

15,772

$

15,272

Compile funding revenue

$

523

$

532

$

1,091

$

1,023

Entire investments and cash

$

44,863

$

44,300

$

44,863

$

44,300

Entire Capital Return

Traditional fragment repurchases

$

395

$

200

$

725

$

400

Collection of basic shares repurchased

1.2

0.6

2.2

1.2

Dividends per fragment

$

2.00

$

2.00

$

4.00

$

4.00

Dividends to shareholders

$

78

$

84

$

158

$

169

All values in USD millions with the exception of for per fragment portions and percentages

Notes

(2) Denotes non-GAAP financial measure. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

The following recordsdata summarizes the Company’s underwriting outcomes, on a Community consolidated basis, Core companies and by reportable segment – Reinsurance Treaty, World Wholesale & Uniqueness, and Legacy, with chosen commentary on these outcomes.

Underwriting Outcomes – Everest Community

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

Exchange

2026

2025

Exchange

Contemptible written top payment

$

3,772

$

4,680

(19.4)%

$

7,374

$

9,071

(18.7)%

Compile written top payment

$

3,037

$

4,119

(26.3)%

$

6,224

$

7,853

(20.7)%

Compile premiums earned

$

3,490

$

3,991

(12.6)%

$

7,064

$

7,843

(9.9)%

Loss Ratio:

Most recent twelve months

59.5%

60.0%

(0.5) pts

59.4%

60.6%

(1.2) pts

Prior twelve months

—%

1.5%

(1.5) pts

(0.5)%

0.8%

(1.3) pts

Grief

2.7%

0.5%

2.2 pts

3.2%

7.1%

(3.9) pts

Entire Loss ratio

62.2%

61.9%

0.3 pts

62.1%

68.4%

(6.3) pts

Commission and brokerage ratio

23.3%

22.0%

1.3 pts

23.2%

21.7%

1.5 pts

Diversified underwriting payments

6.4%

6.4%

0.1 pts

6.2%

6.3%

— pts

Combined ratio

92.0%

90.4%

1.6 pts

91.5%

96.4%

(4.9) pts

Attritional blended ratio (4)

89.3%

88.6%

0.7 pts

88.9%

89.4%

(0.5) pts

Pre-tax salvage catastrophe losses (5)

$

94

$

20

$

224

$

492

Pre-tax salvage spoiled (favorable) prior twelve months pattern

$

—

$

59

$

(33)

$

59

All values in USD millions with the exception of for percentages

Notes

(4) Attritional ratios exclude catastrophe losses, salvage CAT reinstatement premiums earned, and prior twelve months pattern. Attritional ratios are non-GAAP financial measures. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(5) Pre-tax salvage catastrophe losses are salvage of reinsurance and reinstatement premiums.

Underwriting Outcomes – Core Companies2

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

Exchange

2026

2025

Exchange

Contemptible written top payment

$

3,678

$

3,908

(5.9)%

$

7,145

$

7,613

(6.1)%

Compile written top payment

$

2,965

$

3,550

(16.5)%

$

6,063

$

6,733

(10.0)%

Compile premiums earned

$

3,167

$

3,454

(8.3)%

$

6,342

$

6,766

(6.3)%

Loss Ratio:

Most recent twelve months

57.8%

57.3%

0.5 pts

57.5%

58.2%

(0.7) pts

Prior twelve months

—%

1.8%

(1.8) pts

(0.5)%

0.9%

(1.4) pts

Grief

2.7%

(0.1)%

2.8 pts

3.2%

7.8%

(4.6) pts

Entire Loss ratio

60.5%

59.0%

1.5 pts

60.2%

66.9%

(6.7) pts

Commission and brokerage ratio

24.4%

24.0%

0.4 pts

24.5%

23.8%

0.8 pts

Diversified underwriting payments

5.1%

4.0%

1.1 pts

4.9%

4.0%

0.9 pts

Combined ratio

90.0%

87.0%

3.0 pts

89.7%

94.7%

(5.0) pts

Attritional blended ratio (4)

87.3%

85.6%

1.7 pts

87.0%

86.9%

0.1 pts

Pre-tax salvage catastrophe losses (5)

$

85

$

(4)

$

205

$

465

Pre-tax salvage spoiled (favorable) prior twelve months pattern

$

—

$

63

$

(33)

$

61

All values in USD millions with the exception of for percentages

Notes

(2) Denotes non-GAAP financial measure. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(4) Attritional ratios exclude catastrophe losses, salvage CAT reinstatement premiums earned, and prior twelve months pattern. Attritional ratios are non-GAAP financial measures. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(5) Pre-tax salvage catastrophe losses are salvage of reinsurance and reinstatement premiums.

Underwriting Outcomes – Reinsurance Treaty Segment

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

Exchange

2026

2025

Exchange

Contemptible written top payment

2,720

2,951

(7.8)%

5,394

5,885

(8.3)%

Compile written top payment

2,228

2,785

(20.0)%

4,632

5,313

(12.8)%

Compile premiums earned

2,459

2,726

(9.8)%

4,915

5,306

(7.4)%

Loss Ratio:

Most recent twelve months

57.1%

55.4%

1.7 pts

56.9%

56.6%

0.2 pts

Prior twelve months

—%

2.2%

(2.2) pts

(0.7)%

1.1%

(1.8) pts

Grief

3.1%

—%

3.1 pts

3.4%

9.6%

(6.2) pts

Entire Loss ratio

60.1%

57.5%

2.6 pts

59.5%

67.3%

(7.8) pts

Commission and brokerage ratio

25.5%

25.0%

0.5 pts

25.6%

24.8%

0.8 pts

Diversified underwriting payments

2.9%

2.3%

0.6 pts

2.7%

2.3%

0.4 pts

Combined ratio

88.5%

84.9%

3.6 pts

87.8%

94.5%

(6.7) pts

Attritional blended ratio (4)

85.4%

83.2%

2.2 pts

85.2%

85.0%

0.2 pts

Pre-tax salvage catastrophe losses (5)

75

—

165

446

Pre-tax salvage prior twelve months reserve pattern

—

59

(33)

59

All values in USD millions with the exception of for percentages
  • Contemptible written premiums decreased 9.1% versus the prior twelve months quarter on a comparable basis (fixed greenback basis and with the exception of reinstatement premiums) 2, to approximately $2.7 billion.
  • Low cost in cross written premiums turned into as soon as essentially led by 25.0% decrease in Casualty XOL, 22.8% in Casualty Educated-Rata, 9.2% in Property Non-Grief XOL, and 6.8% in Property Grief XOL, when adjusting for reinstatement premiums partially offset by a 3.4% elevate Property Educated-Rata.
  • Attritional loss ratio elevated 140 basis components over 2d quarter 2025 to 57.1%, whereas the attritional blended ratio elevated 220 basis components to 85.4% versus a twelve months ago. 4
  • Excluding the affect of elevated non-catastrophe climate losses, the attritional loss ratio would had been 54.4% and the attritional blended ratio would had been 82.7%.
  • Pre-tax catastrophe losses were $75 million salvage of estimated recoveries and reinstatement premiums, pushed essentially by losses associated with the Iran Battle and a preference of mid-sized events globally. Pre-tax catastrophe losses were benign in the prior-twelve months quarter.

Notes

(2) Denotes non-GAAP financial measure. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(4) Attritional ratios exclude catastrophe losses, salvage CAT reinstatement premiums earned, and prior twelve months pattern. Attritional ratios are non-GAAP financial measures. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(5) Pre-tax salvage catastrophe losses are salvage of reinsurance and reinstatement premiums.

Underwriting Outcomes – World Wholesale & Uniqueness Segment

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

Exchange

2026

2025

Exchange

Contemptible written top payment

$

958

$

957

0.1%

$

1,751

$

1,728

1.3%

Compile written top payment

$

738

$

765

(3.5)%

$

1,430

$

1,420

0.7%

Compile premiums earned

$

709

$

728

(2.6)%

$

1,427

$

1,460

(2.2)%

Loss Ratio:

Most recent twelve months

60.6%

64.7%

(4.1) pts

59.7%

63.8%

(4.1) pts

Prior twelve months

—%

0.6%

(0.6) pts

—%

0.1%

(0.1) pts

Grief

1.4%

(0.6)%

2.0 pts

2.8%

1.3%

1.5 pts

Entire Loss ratio

62.0%

64.7%

(2.7) pts

62.5%

65.2%

(2.7) pts

Commission and brokerage ratio

20.6%

20.3%

0.3 pts

20.9%

19.9%

1.0 pts

Diversified underwriting payments

12.6%

10.2%

2.4 pts

12.6%

10.2%

2.4 pts

Combined ratio

95.2%

95.2%

— pts

96.0%

95.4%

0.6 pts

Attritional blended ratio (4)

93.8%

94.9%

(1.1) pts

93.2%

93.7%

(0.5) pts

Pre-tax salvage catastrophe losses (5)

$

10

$

(4)

$

40

$

19

Pre-tax salvage prior twelve months reserve pattern

$

—

$

4

$

—

$

2

All values in USD millions with the exception of for percentages
  • Contemptible written premiums decreased 1.0% on a comparable basis (fixed greenback basis and with the exception of reinstatement premiums) 2, to approximately $958 million as we persisted to beef up the combo and quality of the portfolio.
  • Low cost in cross written premiums turned into as soon as led by 16.7% decrease in Workers’ Compensation and 7.2% in Uniqueness Casualty virtually solely offset by 10.1% elevate in Diversified Uniqueness, 8.6% in Educated Liability, and a pair of.9% in Accident and Health.
  • Attritional loss ratio improved 390 basis components over 2d quarter 2025 to 60.6%, whereas the attritional blended ratio improved 110 basis components to 93.8% versus a twelve months ago. 4
  • Entire expense ratio elevated 270 basis components to 33.2% as a consequence of mix and decrease earned top payment.
  • Pre-tax catastrophe losses were $10 million, salvage of estimated recoveries and reinstatement premiums, an elevate versus the prior twelve months quarter.

Notes

(2) Denotes non-GAAP financial measure. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(4) Attritional ratios exclude catastrophe losses, salvage CAT reinstatement premiums earned, and prior twelve months pattern. Attritional ratios are non-GAAP financial measures. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

(5) Pre-tax salvage catastrophe losses are salvage of reinsurance and reinstatement premiums.

Underwriting Outcomes – Legacy Segment

Quarter-to-Date

Year-to-Date

June 30,

June 30,

June 30,

June 30,

2026

2025

2026

2025

Contemptible written top payment

$

94

$

772

$

229

$

1,459

Compile written top payment

$

72

$

569

$

161

$

1,120

Compile premiums earned

$

323

$

538

$

722

$

1,078

Incurred losses and LAE

Most recent twelve months

244

413

550

816

Prior twelve months

—

(4)

—

(2)

Catastrophes

9

24

19

27

Entire incurred losses and LAE

253

433

569

841

Commission, brokerage, taxes and charges

41

50

82

95

Diversified underwriting payments

64

116

129

219

Underwriting revenue (loss) (2)

$

(36)

$

(63)

$

(58)

$

(77)

All values in USD millions
  • Our Legacy segment now encompasses our industrial retail insurance change following the announcement of the industrial retail insurance renewal rights transaction.
  • Contemptible written premiums deem a restricted preference of renewed and new insurance policies written on the Company’s paper linked to the industrial retail insurance change and by the purchaser of the sports and leisure change, for a finite length put up-closing.
  • Compile premiums earned in the quarter were largely pushed by the industrial retail insurance change, which are diminishing at an accelerated tempo.

Notes

(2) Denotes non-GAAP financial measure. Peep “Feedback on Non-GAAP Monetary Measures” for an explanation and reconciliation.

This recordsdata initiate incorporates forward-looking statements internal the that strategy of the USA Non-public Securities Litigation Reform Act of 1995 and various U.S. federal securities licensed guidelines. We intend these forward-looking statements to be lined by the protected harbor provisions for forward-looking statements in the U.S. federal securities licensed guidelines. Forward-looking statements deem management’s most in vogue expectations in step with assumptions we believe are inexpensive but are no longer guarantees of efficiency. Staunch outcomes would possibly presumably well presumably differ materially from these contained in forward-looking statements made on behalf of the Company. Forward-looking statements acquire dangers and uncertainties that encompass, but are no longer restricted to, the affect of basic financial prerequisites and prerequisites affecting the insurance and reinsurance change, the adequacy of our reserves, our ability to assess underwriting possibility, traits in charges for property and casualty insurance and reinsurance, competitors, our ability to intention divestitures, construct regulatory approvals and effectuate strategic transactions, alongside with the sale of our retail industrial insurance change, funding market and funding revenue fluctuations, traits in insured and paid losses, catastrophes, pandemics, regulatory developments and neutral uncertainties, payments linked to divestitures and various components described in our SEC filings, alongside with but no longer restricted to our most in vogue Annual Document on Develop 10-Okay and periodic experiences on Develop 10-Q. The Company undertakes no responsibility to publicly update or revise any forward-looking statements, whether as a outcomes of most in vogue recordsdata, future events or in every other case.

About Everest

Everest Community, Ltd. (Everest) is a world underwriting chief providing easiest-in-class property, casualty, and specialty reinsurance and insurance strategies that deal with prospects’ most pressing challenges. Identified for a 50-twelve months notice chronicle of disciplined underwriting, capital and possibility management, Everest, via its world working friends, is devoted to underwriting opportunity for colleagues, prospects, shareholders, and communities worldwide.

Everest basic stock (NYSE: EG) is a ingredient of the S&P 500 index.

Additional recordsdata about Everest, our of us, and our products would possibly presumably well presumably moreover be realized on our web space at www.everestglobal.com.

A convention name discussing the outcomes will seemingly be held at 8:00 a.m. Jap Time on Thursday July 30, 2026. The name will seemingly be on the market on the Net via the Company’s web space at https://investors.everestglobal.com/overview.

Recipients are encouraged to focus on with the Company’s web space to scrutinize supplemental financial recordsdata on the Company’s outcomes. The supplemental recordsdata is positioned at www.everestglobal.com in the “Investors/Financials/Quarterly Outcomes” section of the salvage space. The supplemental financial recordsdata would possibly presumably well presumably moreover be bought by contacting the Company at the moment.

Feedback on Non-GAAP Monetary Measures

In this Press Open, the Company has integrated obvious non-GAAP financial measures, alongside with after-tax salvage working revenue (loss), after-tax salvage working revenue (loss) per diluted fragment, attritional loss ratio, attritional blended ratio, cross written premiums presented on a comparable basis, salvage working revenue return on equity (“ROE”), underwriting revenue, and e-book value per basic fragment prominent with the exception of salvage unrealized appreciation (depreciation) on fixed maturity, on the market securities (“URA(D)”). The Company has also presented outcomes of its “Core” companies, consisting of the Reinsurance Treaty and World Wholesale & Uniqueness segments (with the exception of the Legacy segment), to deem the companies which would possibly presumably well presumably be the Company’s basic strategic focal point. The Company items these non-GAAP financial measures to facilitate a deeper working out of the profitability drivers of our change, outcomes of operations, financial condition and liquidity. The Company believes that such measures are essential to investors and various fervent contributors, and that these measures are a precious complement to GAAP recordsdata referring to the Company’s efficiency. These measures would possibly presumably well presumably no longer, nonetheless, be equivalent to equally titled measures worn by corporations internal or outdoors of the insurance change. Non-GAAP financial measures desires to be considered moreover, and no longer as a replace for, or superior to, the Company’s financial measures prepared in step with infrequently well-liked accounting principles (“GAAP”).

A reconciliation of the non-GAAP financial measures to essentially the most comparable corresponding GAAP financial measures is integrated below.

After-tax salvage working revenue (loss) and after-tax salvage working revenue (loss) per diluted fragment

After-tax salvage working revenue (loss) (also referred to on this initiate as salvage working revenue) consists of salvage revenue (loss) with the exception of after-tax salvage gains (losses) on investments and after-tax salvage remote places change revenue (expense), as shown below:

(Greenbacks in millions, with the exception of per fragment portions)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

(unaudited)

(unaudited)

Quantity

Per Diluted

Part

Quantity

Per Diluted

Part

Quantity

Per Diluted

Part

Quantity

Per Diluted

Part

After-tax salvage working revenue (loss)

$

585

$

14.85

$

734

$

17.36

$

1,232

$

30.95

$

1,010

$

23.75

After-tax salvage gains (losses) on investments

(8

)

(0.20

)

(3

)

(0.08

)

(14

)

(0.35

)

(10

)

(0.23

)

After-tax salvage remote places change revenue (expense)

(17

)

(0.44

)

(50

)

(1.18

)

(6

)

(0.14

)

(110

)

(2.59

)

Compile revenue (loss)

$

559

$

14.22

$

680

$

16.10

$

1,213

$

30.45

$

890

$

20.93

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Even though salvage gains (losses) on investments and salvage remote places change revenue (expense) are an integral segment of the Company’s insurance operations, the resolution of salvage gains (losses) on investments and remote places change revenue (expense) is honest of the insurance underwriting job. The Company believes that the level of salvage gains (losses) on investments and salvage remote places change revenue (expense) for any particular length are no longer indicative of the efficiency of the underlying change in that particular length. Providing easiest a GAAP presentation of salvage revenue (loss) makes it more complex for customers of the financial recordsdata to take into consideration the Company’s success or failure in its basic change and will lead to unsuitable or misleading assumptions and conclusions. The Company understands that the equity analysts who notice the Company focal point on after-tax salvage working revenue (loss) of their analyses for the explanations discussed above. The Company presents after-tax salvage working revenue (loss) to investors so as that they’ve what management believes to be a precious complement to GAAP recordsdata referring to the Company’s efficiency.

Attritional Loss Ratio and Attritional Combined Ratio

The loss ratio is calculated as the sum of total incurred losses and loss adjustment payments, divided by salvage premiums earned. The blended ratio is calculated as the sum of total incurred losses and loss adjustment payments, commission and brokerage payments, and various underwriting payments, divided by salvage premiums earned. The attritional loss ratio and attritional blended ratio are defined as the loss ratio and the blended ratio, respectively, adjusted to exclude catastrophe losses, salvage catastrophe reinstatement premiums, and prior twelve months pattern. The Company believes the attritional ratios are precious to management and investors on story of the adjusted ratios provide for better comparability and more precisely measure the Company’s underlying underwriting efficiency. Core companies encompass the Reinsurance Treaty and World Wholesale & Uniqueness segments (with the exception of the Legacy segment) to deem the companies which would possibly presumably well presumably be the Company’s basic strategic focal point. The following tables are a reconciliation of the loss ratio and attritional loss ratio, and the blended ratio and attritional blended ratio for the intervals eminent:

Three Months Ended June 30,

2026

2025

(unaudited)

Reinsurance

Treaty

World

Wholesale & Uniqueness

Core Companies

Community

Reinsurance Treaty

World

Wholesale & Uniqueness

Core Companies

Community

Loss ratio

60.1

%

62.0

%

60.5

%

62.2

%

57.5

%

64.7

%

59.0

%

61.9

%

Adjustment for catastrophe losses

(3.1

)%

(1.4

)%

(2.7

)%

(2.7

)%

—

%

0.6

%

0.1

%

(0.5

)%

Adjustment for reinstatement premiums

—

%

—

%

—

%

—

%

—

%

—

%

—

%

—

%

Adjustment for prior twelve months pattern

—

%

—

%

—

%

—

%

(2.2

)%

(0.6

)%

(1.8

)%

(1.5

)%

Adjustment for assorted items

—

%

—

%

—

%

—

%

0.3

%

(0.2

)%

0.2

%

0.2

%

Attritional loss ratio

57.1

%

60.6

%

57.8

%

59.5

%

55.7

%

64.5

%

57.5

%

60.1

%

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Three Months Ended June 30,

2026

2025

(unaudited)

Reinsurance

Treaty

World

Wholesale & Uniqueness

Core Companies

Community

Reinsurance Treaty

World

Wholesale & Uniqueness

Core Companies

Community

Combined ratio

88.5

%

95.2

%

90.0

%

92.0

%

84.9

%

95.2

%

87.0

%

90.4

%

Adjustment for catastrophe losses

(3.1

)%

(1.4

)%

(2.7

)%

(2.7

)%

—

%

0.6

%

0.1

%

(0.5

)%

Adjustment for reinstatement premiums

—

%

—

%

—

%

—

%

—

%

—

%

—

%

—

%

Adjustment for prior twelve months pattern

—

%

—

%

—

%

—

%

(2.2

)%

(0.6

)%

(1.8

)%

(1.5

)%

Adjustment for assorted items

—

%

—

%

—

%

—

%

0.4

%

(0.3

)%

0.3

%

0.3

%

Attritional blended ratio

85.4

%

93.8

%

87.3

%

89.3

%

83.2

%

94.9

%

85.6

%

88.6

%

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Contemptible Written Top payment on a Similar Basis

The Company has integrated on this Press Open obvious adjustments in cross written top payment on a comparable basis, reflecting fixed forex basis and with the exception of reinstatement premiums. Fixed forex basis excludes the affect of remote places change charges. The Company presents change in cross written top payment on a comparable basis to investors so as that they’ve what management believes to be a precious complement to GAAP recordsdata referring to the Company’s efficiency. Core companies encompass the Reinsurance Treaty and World Wholesale & Uniqueness segments (with the exception of the Legacy segment) to deem the companies which would possibly presumably well presumably be the Company’s basic strategic focal point. The following tables are a reconciliation of cross written top payment and length-over-length adjustments on a GAAP basis to the non-GAAP comparable basis for the intervals eminent:

(Greenbacks in millions)

Quarter-to-Date

June 30, 2026

June 30, 2025

Exchange

(unaudited)

Contemptible Written Top payment

Contemptible Written Top payment

% Impression

Community

$

3,772

$

4,680

(19.4)%

Adjustment for cross CAT reinstatement premiums

—

(2)

—%

Adjustment for remote places change discontinuance

—

61

(1.0)%

Community (comparable basis)

$

3,772

$

4,739

(20.4)%

Core Companies

$

3,678

$

3,908

(5.9)%

Adjustment for cross CAT reinstatement premiums

—

(2)

0.1%

Adjustment for remote places change discontinuance

—

54

(1.3)%

Core Companies (comparable basis)

$

3,678

$

3,959

(7.1)%

Reinsurance Treaty

$

2,720

$

2,951

(7.8)%

Adjustment for cross CAT reinstatement premiums

—

(2)

0.1%

Adjustment for remote places change discontinuance

—

43

(1.3)%

Reinsurance Treaty (comparable basis)

$

2,720

$

2,992

(9.1)%

World Wholesale & Uniqueness

$

958

$

957

0.1%

Adjustment for cross CAT reinstatement premiums

—

—

—%

Adjustment for remote places change discontinuance

—

10

(1.1)%

World Wholesale & Uniqueness (comparable basis)

$

958

$

967

(1.0)%

Legacy

$

94

$

772

(87.9)%

Adjustment for cross CAT reinstatement premiums

—

—

—%

Adjustment for remote places change discontinuance

—

8

(0.1)%

Legacy (comparable basis)

$

94

$

780

(88.0)%

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Compile Working Profits Return On Equity (“ROE”)

Compile Working Profits ROE (also identified as working ROE) is calculated by dividing after-tax salvage working revenue (loss) by practical shareholders’ equity, adjusted for practical salvage unrealized depreciation (appreciation) of fixed maturity, on the market securities. A reconciliation of salvage revenue, essentially the most comparable GAAP measure, to salvage working revenue is presented above. The Company believes salvage working revenue ROE is a precious measure for management and investors because it permits for better comparability and eliminates variability when assessing the outcomes of operations. A reconciliation of Compile Working Profits ROE and Compile Profits ROE is shown below.

Quarter-to-Date

Year-to-Date

(Greenbacks in millions)

June 30,

June 30,

June 30,

June 30,

2026

2025

2026

2025

(unaudited)

(unaudited)

Starting of length shareholders’ equity

$

15,291

$

14,140

$

15,461

$

13,875

Add: Compile unrealized depreciation (appreciation) of fixed maturity, on the market securities

369

561

(5)

849

Adjusted beginning of length shareholders’ equity

$

15,660

$

14,700

$

15,455

$

14,724

Damage of length shareholders’ equity

$

15,430

$

15,019

$

15,430

$

15,019

Add: Compile unrealized depreciation (appreciation) of fixed maturity, on the market securities

342

252

342

252

Adjusted cease of length shareholders’ equity

$

15,772

$

15,272

$

15,772

$

15,272

Common adjusted shareholders’ equity

$

15,716

$

14,986

$

15,614

$

14,998

After-tax salvage working revenue (loss)

$

585

$

734

$

1,232

$

1,010

After-tax salvage gains (losses) on investments

(8)

(3)

(14)

(10)

After-tax remote places change revenue (expense)

(17)

(50)

(6)

(110)

Compile revenue (loss)

$

559

$

680

$

1,213

$

890

Return on equity (annualized)

After-tax salvage working revenue (loss)

14.9%

19.6%

15.8%

13.5%

After-tax salvage gains (losses) on investments

(0.2)%

(0.1)%

(0.2)%

(0.1)%

After-tax remote places change revenue (expense)

(0.4)%

(1.3)%

(0.1)%

(1.5)%

Compile revenue (loss)

14.2%

18.2%

15.5%

11.9%

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Underwriting Profits

Underwriting revenue is calculated as salvage premiums earned, less (1) incurred losses and loss adjustment payments, (2) commission, brokerage, taxes and charges, and (3) assorted underwriting payments. Compile revenue (loss) is basically the most comparable GAAP measure. The Company believes underwriting revenue is a precious measure for management and investors when assessing the efficiency of the Company’s reinsurance and insurance change segments. Core companies encompass the Reinsurance Treaty and World Wholesale & Uniqueness segments (with the exception of the Legacy segment) to deem the companies which would possibly presumably well presumably be the Company’s basic strategic focal point. A reconciliation of Underwriting Profits and Compile Profits is shown below.

Quarter-to-Date

(Greenbacks in millions)

June 30, 2026

June 30, 2025

(unaudited)

Reinsurance Treaty

World Wholesale & Uniqueness

Core Companies

Legacy

Community

Reinsurance Treaty

World Wholesale & Uniqueness

Core Companies

Legacy

Community

Compile premiums earned

$

2,459

$

709

$

3,167

$

323

$

3,490

$

2,726

$

728

$

3,454

$

538

$

3,991

Less: Incurred losses and LAE

1,478

439

1,917

253

2,170

1,568

471

2,039

433

2,472

Less: Commission, brokerage, taxes and charges

626

146

773

41

814

682

148

830

50

880

Less: Diversified underwriting payments

71

89

161

64

225

64

74

138

116

254

Underwriting revenue (loss)

$

283

$

34

$

317

$

(36)

$

281

$

413

$

35

$

448

$

(63)

$

385

Compile funding revenue

523

532

Compile gains (losses) on investments

(8)

(5)

Company payments

(33)

(31)

Hobby, payment and bond thunder value amortization expense

(36)

(38)

Diversified revenue (expense)

(45)

(27)

Profits tax reduction (expense)

(124)

(135)

Compile revenue (loss)

$

559

$

680

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

Book value per basic fragment prominent with the exception of URA(D)

Book value per basic fragment prominent with the exception of salvage unrealized appreciation (depreciation) of fixed maturity, on the market securities (“URA(D)”) is calculated as reported shareholders’ equity less URA(D), divided by basic shares prominent. Book value per fragment is basically the most comparable GAAP measure. The Company believes this metric is precious to management and investors because it reveals the value of shareholder returns on a per fragment basis after casting off the selection of investments held at handsome value. Please look the table below for a reconciliation of e-book value per basic fragment prominent (with the exception of URA(D)) and e-book value per fragment.

Annualized Entire Shareholder Return

Annualized TSR (“TSR”) is calculated as twelve months-to-date reveal in e-book value per basic fragment prominent (with the exception of URA(D)) plus twelve months-to-date dividends per fragment. As additional discussed above, e-book value per basic fragment prominent (with the exception of URA(D)) is a non-GAAP measure. Please look the table below for a reconciliation of e-book value per basic fragment prominent (with the exception of URA(D)) and e-book value per fragment.

As of

June 30,

June 30,

2026

2025

Damage of length shareholders’ equity

$

15,430

$

15,019

Compile URA(D)

342

252

Adjusted cease of length shareholders’ equity

$

15,772

$

15,272

Traditional shares prominent

38.7

41.9

Book value per basic fragment prominent

$

398.83

$

358.08

Less: URA(D) of fixed maturity, on the market securities

(8.84)

(6.02)

Book value per basic fragment prominent (with the exception of URA(D))

$

407.67

$

364.10

Entire Shareholder Return (TSR)

16.8%

14.8%

(Some portions would possibly presumably well presumably no longer reconcile as a consequence of rounding.)

–Monetary Particulars Notice–

EVEREST GROUP, LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

Three Months Ended

June 30,

Six Months Ended

June 30,

(In millions of U.S. greenbacks, with the exception of per fragment portions)

2026

2025

2026

2025

(unaudited)

(unaudited)

REVENUES:

Premiums earned

$

3,490

$

3,991

$

7,064

$

7,843

Compile funding revenue

523

532

1,091

1,023

Compile gains (losses) on investments

(8

)

(5

)

(17

)

(12

)

Diversified revenue (expense)

(45

)

(27

)

(108

)

(100

)

Entire revenues

3,961

4,491

8,029

8,754

CLAIMS AND EXPENSES:

Incurred losses and loss adjustment payments

2,170

2,472

4,388

5,366

Commission, brokerage, taxes and charges

814

880

1,638

1,704

Diversified underwriting payments

225

254

441

492

Company payments

33

31

71

52

Hobby, charges and bond thunder value amortization expense

36

38

71

76

Entire claims and payments

3,278

3,676

6,609

7,690

INCOME (LOSS) BEFORE TAXES

683

815

1,420

1,064

Profits tax expense (reduction)

124

135

207

173

NET INCOME (LOSS)

$

559

$

680

$

1,213

$

890

Diversified whole revenue (loss), salvage of tax:

Unrealized appreciation (depreciation) (“URA(D)”) of securities coming up throughout the length

15

301

(360

)

585

Reclassification adjustment for realized losses (gains) integrated in salvage revenue (loss)

12

7

13

12

Entire URA(D) of securities coming up throughout the length

27

308

(347

)

597

Foreign currencies translation and various adjustments

3

164

(32

)

228

Reclassification adjustment for amortization of salvage (originate) loss integrated in salvage revenue (loss)

—

(8

)

(1

)

(8

)

Entire reduction method salvage originate (loss) for the length

—

(8

)

(1

)

(8

)

Entire assorted whole revenue (loss), salvage of tax

30

465

(380

)

817

COMPREHENSIVE INCOME (LOSS)

$

589

$

1,145

$

832

$

1,707

EARNINGS PER COMMON SHARE:

Traditional

$

14.22

$

16.10

$

30.45

$

20.93

Diluted

14.22

16.10

30.45

20.93

EVEREST GROUP, LTD.

CONSOLIDATED BALANCE SHEETS

June 30,

December 31,

(In millions of U.S. greenbacks, with the exception of par value per fragment)

2026

2025

(unaudited)

ASSETS:

Mounted maturities – on the market, at handsome value

(amortized value: 2026, $34,912; 2025, $34,620, credit rating allowances: 2026, $(64); 2025, $(68))

$

34,445

$

34,573

Mounted maturities – held to maturity, at amortized value

(handsome value: 2026, $568; 2025, $576, salvage of credit rating allowances: 2026, $(8); 2025, $(6))

568

567

Equity securities, at handsome value

185

180

Diversified invested assets

6,044

5,796

Non permanent investments

2,503

2,994

Cash

1,117

1,318

Entire investments and cash

44,863

45,429

Gathered funding revenue

411

436

Premiums receivable (salvage of credit rating allowances: 2026, $(ninety 9); 2025, $(94))

5,595

5,727

Reinsurance loss recoverables (salvage of credit rating allowances: 2026, $(61); 2025, $(57))

5,092

5,110

Funds held by reinsureds

1,408

1,326

Deferred acquisition charges

1,454

1,546

Pay as you dart reinsurance premiums

710

653

Profits tax asset, salvage

952

915

Diversified assets (salvage of credit rating allowances: 2026, $(17); 2025, $(17))

1,682

1,372

TOTAL ASSETS

$

62,167

$

62,514

LIABILITIES:

Reserve for losses and loss adjustment payments

34,735

34,312

Unearned top payment reserve

6,436

7,275

Funds held below reinsurance treaties

267

267

Portions as a consequence of reinsurers

806

642

Losses in course of payment

124

151

Senior notes

2,352

2,352

Long-term notes

218

218

Borrowings from FHLB

1,019

1,019

Gathered hobby on debt and borrowings

21

21

Unsettled securities payable

5

—

Diversified liabilities

753

797

Entire liabilities

46,737

47,054

SHAREHOLDERS’ EQUITY:

Most in vogue shares, par value: $0.01; 50.0 shares licensed; no shares issued and prominent

—

—

Traditional shares, par value: $0.01; 200.0 shares licensed; 74.5 (2026) and 74.4 (2025)

shares issued and prominent

1

1

Additional paid-in capital

3,871

3,852

Accumulated assorted whole revenue (loss), salvage of deferred revenue tax expense (reduction)

of $(124) at 2026 and $(23) at 2025

(432

)

(52

)

Treasury shares, at value; 35.8 shares (2026) and 33.7 shares (2025)

(5,630

)

(4,906

)

Retained earnings

17,620

16,565

Entire shareholders’ equity

15,430

15,461

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

62,167

$

62,514

EVEREST GROUP, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended

June 30,

(In millions of U.S. greenbacks)

2026

2025

(unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:

Compile revenue (loss)

$

1,213

$

890

Changes to reconcile salvage revenue to salvage cash provided by working actions:

Lower (elevate) in premiums receivable

78

(662

)

Lower (elevate) in funds held by reinsureds, salvage

(85

)

(seventy 9

)

Lower (elevate) in reinsurance recoverables

(149

)

199

Lower (elevate) in revenue taxes

59

152

Lower (elevate) in prepaid reinsurance premiums

(90

)

85

Amplify (decrease) in reserve for losses and loss adjustment payments

669

1,688

Amplify (decrease) in unearned premiums

(788

)

63

Amplify (decrease) in portions as a consequence of reinsurers

212

12

Amplify (decrease) in losses in course of payment

(27

)

12

Exchange in equity adjustments in restricted partnerships

(240

)

(140

)

Distribution of restricted partnership revenue

90

74

Exchange in assorted assets and liabilities, salvage

—

(249

)

Non-cash compensation expense

40

26

Amortization of bond top payment (accrual of bond decrease stamp)

(60

)

(78

)

Compile (gains) losses on investments

17

12

Compile cash provided by (worn in) working actions

939

2,007

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from fixed maturities matured/known as/repaid – on the market

2,174

2,129

Proceeds from fixed maturities provided – on the market

1,083

280

Proceeds from fixed maturities matured/known as/repaid – held to maturity

69

105

Proceeds from fixed maturities provided – held to maturity

—

10

Proceeds from equity securities provided

—

54

Distributions from assorted invested assets

119

223

Value of fixed maturities bought – on the market

(3,820

)

(5,767

)

Value of fixed maturities bought – held to maturity

(69

)

(4

)

Value of equity securities bought

(3

)

(2

)

Value of somewhat a ramification of invested assets bought

(224

)

(303

)

Compile change in transient investments

470

2,299

Compile change in unsettled securities transactions

1

(38

)

Compile cash provided by (worn in) investing actions

(199

)

(1,014

)

CASH FLOWS FROM FINANCING ACTIVITIES:

Traditional shares issued (redeemed) throughout the length for fragment-essentially based fully mostly compensation, salvage of expense

(21

)

(19

)

Purchase of treasury shares

(725

)

(400

)

Dividends paid to shareholders

(158

)

(169

)

Value of shares withheld on settlements of fragment-essentially based fully mostly compensation awards

(24

)

(20

)

Compile cash provided by (worn in) financing actions

(927

)

(608

)

EFFECT OF EXCHANGE RATE CHANGES ON CASH

26

(32

)

Compile change in cash alongside with balances labeled as held-for-sale

(161

)

352

Compile change in cash balances labeled as held-for-sale

(40

)

—

Cash, beginning of length

1,318

1,549

Cash, cease of length

$

1,117

$

1,902

SUPPLEMENTAL CASH FLOW INFORMATION:

Profits taxes paid (recovered)

$

143

$

16

Hobby paid

71

75

NON-CASH TRANSACTIONS:

Non-cash restructure of fixed maturity securities – on the market and various invested assets

—

39

Non-cash restructure of fixed maturity securities – on the market and equity securities

6

—

Idea provide version on businesswire.com:https://www.businesswire.com/recordsdata/home/20260729809379/en/

CONTACT: Media: Dawn Lauer

Chief Communications Officer

908.300.7670Investors: Matt Rohrmann

Head of Investor Family

908.604.7343

KEYWORD: BERMUDA CARIBBEAN

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Everest Community, Ltd.

Copyright Industry Wire 2026.

PUB: 07/29/2026 04:15 PM/DISC: 07/29/2026 04:15 PM

http://www.businesswire.com/recordsdata/home/20260729809379/en

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